KB News DeskLG Electronics spurs portfolio revamp under Vision 2030
CEO confident about nurturing new businesses with sales over W1 tril. LG Electronics CEO Cho Joo-wan said Wednesday that the company is successfully growing new businesses, posting more than 1…
Producer prices rise in July on industrial, farm goods
Korea’s producer prices rose in July, driven by a rise in prices of industrial and agricultural goods, central bank data showed Wednesday. The producer price index, a major barometer of…
Son Heung-min opens 10th Premier League season with goalless performance in draw
Son Heung-min of Tottenham Hotspur has begun his 10th Premier League campaign with a goalless showing in a draw against newly promoted Leicester City. A dominant first half yielded just…
Leaders of China and Vietnam pledge to strengthen political and economic ties
The leaders of China and Vietnam pledged to further their economic ties and gave a nod to their shared communist ideology during the first visit by Vietnam’s new president to…
Domestic AI processor makers aim to boost market value
Rebellions, FuriosaAI set to challenge Nvidia By Nam Hyun-woo Anticipation is growing over the market value of Korea’s domestic artificial intelligence (AI) processor manufacturers, as they gear up to compete…
Regulator to tighten curbs on mortgage loans from next month
The country’s chief financial regulator said Tuesday that tightened curbs will be applied to mortgage loans starting next month in a bid to curb soaring household loans. In a meeting…
More young Koreans give up on finding a job
The number of young people not in education, employment or training was the highest last month for any July on record, revealing South Korea’s deepening troubles in the labor market.…
Putin arrives in Azerbaijan for state visit
Russian President Vladimir Putin arrived in Azerbaijan’s capital Baku on Sunday for a two-day state visit, Russian news agencies reported. Russian television broadcast images of the Russian president’s plane as…
Number of self-employed shrinks in July for 6th consecutive month
The number of self-employed people in Korea fell for the sixth consecutive month in July, data showed Monday, as the nation’s economy grapples with weaker consumption. There were 5.72 million…
Naver, Kakao cut R&D expenses in H1 despite focus on AI
Platform giants control paces of investment amid questions on monetizing AI services By Nam Hyun-woo Korean platform giants Naver and Kakao both reduced their R&D expenses in the first half…
